The Most Common Method of Passing an Amendment to the Constitution

question 36

Multiple Choice

The most common method of passing an amendment to the Constitution is

• A) passage in both houses of Congress by a two-thirds vote, followed by a majority vote in three-fourths of the state legislature.
• B) passage in both houses of Congress by a two-thirds vote, followed by ratification by three-fourths of the state supreme courts.
• C) proposal by the president, which is supported by two-thirds of the state legislatures.
• D) passage by a constitutional convention, called by three-fourths of the states.
• E) passage by the initiative process in three-fourths of the states and unanimous approval by the Supreme Court.

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Definitions:

Independent Projects

Projects in a company that can be selected or rejected independently of one another, without affecting the profitability or potential of other projects.

Conventional Cash Flows

A series of net income figures expected to be generated by an investment, starting with a negative cash flow at the beginning (investment outlay), followed by a series of positive cash flows.

Internal Rate of Return

The rate of discount at which the total net present value of a project or investment's cash inflows and outflows balances out to zero.

Conventional Cash Flows

Cash flow patterns characterized by an initial outflow (investment) followed by a series of positive cash inflows.